Manhattan Micro-Housing Starts Leasing

New York—Carmel Place, a micro-unit development in Manhattan that the developer is calling the city’s first such, has launched leasing. Developer Monadnock Development has tapped micro-housing specialist Stage 3 Properties, a Simon Baron Development portfolio company, to market the property.

Located at 335 East 27th St. in Kips Bay, the nine-story development includes 55 units, 40 percent of which are set aside for affordable housing, with eight units designated for Veterans Affairs Supportive Housing. Kips Bay is a neighborhood along the East River, north of Gramercy Park and south of Murray Hill.

Units at Carmel Place range from 260 square feet to 360 square feet, featuring 9-foot 6-inch ceilings. Residents will be able to choose between a variety of layouts unfurnished or outfitted by Ollie, which is the developer’s trademarked term for the management of the property.

According to Monadnock Development, Ollie is built on four core components: designed micro-units offering studio or co-living layouts and options for multi-functional furniture; services that include housekeeping, Wi-Fi and weekly visits from a Hello Alfred home manager; an all-access pass to “live-work-play” amenities at future Ollie properties; and opportunities for engagement and networking for residents, such as monthly mixers, volunteer activities, lectures, weekend getaways and even seven members-only spaces.

Common amenities at Carmel Place include a virtual doorman, Juliet balconies, gym, resident lounge, outdoor terrace, laundry room and resident/overhead storage, including bike storage. Any packages residents receive will be handled by the virtual doorman system, where deliveries are left in the secured package room for residents to retrieve.